FDIC,
The fee for the FDIC Temporary Liquidity Guarantee Program (“TLGP”) and more
specifically, the Debt Guarantee portion (“DGP”) of that program is too high
relative to current market rates including Fed Funds. Fees for DGP are
assessed at an annualized 75bp, based on total debt issued. I feel like it
is critical that the program be reduced to a much lower flat rate (say 25bp)
or indexed to the Fed Funds Target Rate so bankers don’t get squeezed.

I appreciate your consideration in this matter for all community banks.